During March, a firm expects its total sales to be $160,000, its total variable costs to be $95,000, and its total fixed costs t
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Answer:
X1 EPS = $ 3.44 per share
X2 EPS = $ 3.88 per share
Explanation:
X1: Earning per share
$1,070,000 / 311,000 shares outstanding = $3.44 per share
X2: net income calcualtions
1,070,000 x ( 1 + 24%) = 1,326,800
X2 shares outstanding:
beginning 311,000 + issued 31,000 = 342,000
EPS: 1,326,800 / 342,000 = 3,8795 = 3.88